lehman brothers out, roe brothers in

September 15th, 2008

although i made my decision last year, in a move unrelated to market directions or my own personal job prospects, the latest moves will affect my life most if they impact my decision to enter business school next fall.

without analyzing it to death, two scenarios with opposite implications make themselves apparent. they both hinge on one result of the financial fallout dominating many media headlines: a flood of jobless candidates with wall street and banking experience find their way into the MBA pipeline. this could have one of two consequences:

1) makes my candidacy as an outsider stronger, as my story is even more in contrast with that of those who shuffle money around for a living.

2) buries me in a sea of highly-qualified (from a traditional standpoint) MBA candidates who have compelling stories to tell and therefore weasel their way into school the same way they weaseled the average homeowner and american taxpayer out of their money. i’m kidding of course. i don’t pretend that any pre-MBAs have the decision-making power to influence the catastrophes begotten by the horrendous play-calling of those who are actually in power now. i’m hoping to find a good portion of my classmates as jaded rabble-rousers who were just a shade too young and weren’t listened to by the older, wiser set, and who now have a chip on their shoulder and an ax to grind. key “eye of the tiger.” now we’re cookin!

the point is this (although in general i’d caution against expecting “points” to this blog):
– getting an MBA is an unchangeably good idea, no matter what changes either fundamentally or in the news
– following events in the markets allows people like me to take calculated risks like buying into BAC

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